31 January 2017

BUY
GOLD DEC @ 28650 SL 28500 TGT 28800-29820.

BUY
SILVER DEC @ 41500 SL 41000 TGT 42000-42700.

Gold:Gold trading range for the day is
28249-28697. MCX Gold price has given breakdown of its horizontal channel
pattern at 28480 levels on hourly chart and price has retested its breakdown
trend line at 28500 levels . On daily chart, MCX Gold price has faced
resistance of its breakdown trend line at 28850 levels. Moreover, Momentum
Indicator MACD has remained below signal line on hourly chart which suggest
lack of momentum in the prices. For now we expect prices should move lower
towards 27100 levels in the coming trading sessions.

Outlook:Technically
market is getting support at 28386 and below same could see a test of 28249
level, And resistance is now likely to be seen at 28610, a move above could see
prices testing 28697

R2

R1

S1

S2

TREND

GOLD

29000

28700

28500

28100

BULLISH

Silver:Silver
trading range for the day is 41107-41757. On hourly chart, MCX Silver price has
been trading in falling channel formation. In addition, Silver price have given
breakdown of its rising trend line and price have almost retested its breakdown
trend line on hourly chart. In addition, momentum indicator RSI has been facing
resistance of its horizontal trend line at 65 levels on hourly chart, which
indicates possibilities of further downside in the prices. For now we expect
prices to move lower towards 40550 levels in few trading sessions.

Outlook:Technically
market is getting support at 41239 and below same could see a test of 41107
level, And resistance is now likely to be seen at 41564, a move above could see
prices testing 41757.

30 January 2017

Gold:Gold trading range for the day is
27976-28572.MCX Gold price has given breakdown of its horizontal channel
pattern at 28450 levels on 4 hourly chart. On daily chart, MCX Gold price has
faced resistance of its breakdown trend line at 28850 levels. Gold prices have
been trading below 200 HEMA on hourly chart. Moreover, Momentum Indicator MACD
has given negative crossover on 4 hourly chart. For now we expect prices should
move lower towards 27850 levels in the coming trading sessions.

Outlook:Technically
market is under long liquidation as market has witnessed drop in open interest
by -13.11% to settled at 5443 while prices down -32 rupees, now Gold is getting
support at 28165 and below same could see a test of 27976 level, And resistance
is now likely to be seen at 28463, a move above could see prices testing 28572.

R2

R1

S1

S2

TREND

GOLD

28680

28500

28300

28200

SIDEWAYS

Silver:5 Silver
trading range for the day is 39945-42483.MCX Silver price has been taking
support of its horizontal trend line at 40550 levels. In COMEX Silver prices
have been taking support of its rising trend line $16.50 levels on hourly
chart. MCX Silver prices have been trading above 200 HEMA on hourly chart. In
addition, momentum indicator RSI has been taken support of its horizontal trend
line at 35 levels on hourly chart, which indicates possibilities of further
pull back in the prices. For now we expect prices to move higher towards 41650
levels in few trading sessions

Outlook:Technically
now Silver is getting support at 40689 and below same could see a test of 39945
level, And resistance is now likely to be seen at 41958, a move above could see
prices testing 42483.

27 January 2017

"SELL
GOLD @ 28220 SL 28480 TGT 28150-28080"

"SELL
SILVER @ 40800 SL 41350 TGT 40600-40380"

"BUY
CRUDE @ 3630 SL 3580 TGT 3672-3710"

Gold:Gold trading range for the day is
28171-28757. Gold prices fell as the metal’s safe-haven appeal was dampened
amid a rally in global stock markets.

Outlook:Technically
market is under long liquidation as market has witnessed drop in open interest
by -12.65% to settled at 6264 while prices down -340 rupees, now Gold is
getting support at 28278 and below same could see a test of 28171 level, And
resistance is now likely to be seen at 28571, a move above could see prices
testing 28757.

R2

R1

S1

S2

TREND

GOLD

28500

28200

28000

27500

SIDEWAYS

Silver:Silver
trading range for the day is 40484-41944. Silver dropped as the U.S. dollar
pushed higher and stocks around the world extended their recent rally, dimming
the metal’s safe-haven appeal.

Outlook:Technically
market is under long liquidation as market has witnessed drop in open interest
by -2.55% to settled at 12771 while prices down -525 rupees, now Silver is
getting support at 40838 and below same could see a test of 40484 level, And
resistance is now likely to be seen at 41568, a move above could see prices
testing 41944.

R2

R1

S1

S2

TREND

SILVER

41000

40800

40500

40000

SIDEWAYS

Crudeoil: Crudeoil
trading range for the day is 3562-3682. Crude oil prices dropped after data
showed that U.S. crude supplies rose for the third week in a row last week.

25 January 2017

SELL
GOLD DEC @ 28540 SL 28650 TGT 28400-28300.

SELL
SILVER DEC @ 41200 SL 41500 TGT 41000-40800.

Gold:Gold trading range for the day is
28641-28843. Gold slipped as investors took stock of U.S. President Donald
Trump's first policy moves and a recovery in the dollar from recent lows

Outlook:Technically
market is under long liquidation as market has witnessed drop in open interest
by -0.98% to settled at 7171 while prices down -78 rupee, now Gold is getting
support at 28683 and below same could see a test of 28641 level, And resistance
is now likely to be seen at 28784, a move above could see prices testing 28843.

R2

R1

S1

S2

TREND

GOLD

28750

28650

28500

28300

SIDEWAYS

Silver:Silver
trading range for the day is 41373-42101.Silver prices settled flat as traders
continued to focus on President Donald Trump for further details on his
promises of tax reform, infrastructure spending and deregulation.

Outlook:Technically
market is under short covering as market has witnessed drop in open interest by
-0.86% to settled at 13105 while prices up 26 rupee, now Silver is getting
support at 41545 and below same could see a test of 41373 level, And resistance
is now likely to be seen at 41909, a move above could see prices testing 42101.

24 January 2017

Gold:Technically market is under fresh buying as market has witnessed gain in
open interest by 9.91% to settled at 7242 while prices up 178 rupee, now Gold
is getting support at 28683 and below same could see a test of 28563 level, And
resistance is now likely to be seen at 28890, a move above could see prices testing
28977.

Outlook:Gold
trading range for the day is 28563-28977. Gold gained as the U.S. dollar
tumbled amid uncertainty around the economic policies of new U.S. President
Donald Trump.

R2

R1

S1

S2

TREND

GOLD

29000

28930

28800

28600

SIDEWAYS

Silver:Technically
market is under fresh buying as market has witnessed gain in open interest by
1.5% to settled at 13219 while prices up 267 rupee, now Silver is getting
support at 41346 and below same could see a test of 40999 level, And resistance
is now likely to be seen at 41935, a move above could see prices testing 42177.

Outlook:Silver
trading range for the day is 40999-42177. Silver gained on a weaker dollar and
safe haven buying on uncertainties over U.S. policy after Donald Trump was
sworn in as president.